Entrepreneur
An entrepreneur is defined as “person in
effective control of commercial undertaking; one who undertakes a business or
an enterprise”.
Entrepreneur is an innovative person who
maximizes his profits by following new strategies or venturing into new
products or services.
Entrepreneurship
Entrepreneurship is
the act of being an entrepreneur, who starts any economic activity for being
self-employed.
Entrepreneurship is the “process of the entrepreneur”. It is
an attempt to create value through recognition of business opportunity. It is
basically communicative and management functions to mobilize financial and material
resources.
The
entrepreneurial activity is governed by varying combination of socio-economic,
psychological, cultural and other factors: Caste/religion, Family background,
Level of education, Level of perception, Occupational background, Migratory
character, Entry into entrepreneurship, Nature of enterprise, Investment
capacity and Ambition/moderation.











